Hyundai Mobis has reached a 52-week high, driven by investor optimism regarding the reassessment of its physical artificial intelligence (AI) value chain.
According to the Korea Exchange, as of 10:19 a.m. on May 28, Hyundai Mobis shares were trading at 712,000 won, up 24,000 won (3.49%) from the previous trading day. The stock briefly surged to 749,000 won, an 8.87% increase, shortly after the market opened, marking a new high.
Analysts are focusing on Hyundai Mobis's expansion of its physical AI value chain, leading to upward revisions of target prices.
Shinhan Investment Corp. raised its target price from 570,000 won to 900,000 won, an increase of 57.9%. Samsung Securities and LS Securities also adjusted their target prices for Hyundai Mobis to 950,000 won and 870,000 won, respectively.
Park Kwang-rae, an analyst at Shinhan Investment Corp., stated, "Hyundai Mobis's after-service (A/S) sector plays a crucial role in supporting the valuation floor as a key cash generator, providing investment capacity for automotive, autonomous driving, and robotics."
Lim Eun-young, an analyst at Samsung Securities, noted, "The actuators handled by Hyundai Mobis account for 50-60% of the hardware costs for humanoid robots and are essential components for thermal management," indicating an upward revision of the price-to-earnings (P/E) ratio from 13.7 to 18.4 to reflect the company's expanding role in the robotics sector.
* This article has been translated by AI.
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